Welcome to Pension Basics, your essential guide to understanding pensions. From auto-enrolment pensions and transferring procedures, to taxation and the potential implications of life events, we've got you covered. Learn how to track your pension, its worth, withdrawal rules, and inheritance provisions. Understand terms like pension drawdown, pension release, salary sacrifice and more. Get clarity on pension options in retirement and explore state and private schemes. Let's demystify the world of pensions for you right here.
Important note: taking pension money early is not right for everyone as it will leave you worse off in retirement.